Try to guess, how many circuits are more powerful than Ethereum circuits?
Data from crypto brokerage firm Electric Capital revealed the answers were 6 sets including: Polkadot, Solana, NEAR Protocol, Binance Smart Chain (BSC), Avalanche, and Terra.
Several aspects were taken into account: the rate at which the network has grown since broadcast (or changes to its tech code), and the number of builders since launch.
When compared to Ethereum, it is clear that the 6 circuits are much more advanced.
Solana, Avalanche, BSC, Terra
These four suites are evolving as new hubs for decentralized finance (DeFi) activities.
This suite accommodates several applications; peer-to-peer (P2P) lending, asset exchange, and transactions.
The price movement of each token shows a positive increase, parallel to its growth.
NEAR Protocol
This suite has integrated various DeFi elements.
The battle boosted the price of the token – NEAR hit an all-time high (ATH), $17.60 on January 4, 2022.
polka dots
A famous chain with an extraordinary ecosystem.
Parachain slot winning decision at the end of December 2021 has expanded the ecosystem again.
Parachain winners: Acala, Moonbeam, Astar, Parallel, Clover, and Efinity.
But when compared to the blockchain age, Ethereum still has the largest ecosystem of builders, followed by Polkadot, Cosmos, Solana, and finally, Bitcoin.
Touching on Web 3.0, it is undeniable that Ethereum is still the champion with a record number of builders of over 700 monthly, compared to other series.
